Is it more important to get insurance for my disabled child or myself?

The most important person would the one providing income and the caregiver (which I assume is you). This ensures that if anything happens to you your disabled child will have sufficient funds for help to be hired/any treatments if needed.

YOU (for death protection insurance)

Insurance is meant for income replacement if the person insured passed away.

Your disabled child, if he is not earning any income, has nothing to protect.

You and your income should have insurance to continue paying to take care of your child should you be unfortunate to meet with early death.

If you talking abt medical insurance, both are equally. You don't want to be exhausted if your kid is in hospital and has no insurance and you cannot manage the bills.

In fact, for all insurance, you should always cover yourself for the sake of your child.

Without you, your child has 1 less person to be dependent.

Hi Anon, guard and care for yourself before you do so for your dependent! Just like taking a plane, if you run out of oxygen yourself, you can't possibly help anyone else with putting on their oxygen masks either.

Besides insurance coverage with protection and wealth accumulation elements, do your Will and LPA as well. The former allows you to ensure your wealth accumulation throughout the years are not gone to vain when someone else ends up inheriting what you have. The latter would serve as a contingency measure for yourself in the event where you lack the ability to care for yourself, you appoint someone you trust to care for you. In that way, you cover all areas of care for yourself before you do the same for your child :)

You are the pillar holding up the family unit and if anything should happen to you, there is no way to replace what you are doing, unless money is made available to hire the right kind of support and care.

Hence you would want to ensure sufficient coverage in terms of Hospitalization, Critical Illness, Death/TPD (since your child is a dependent), Disability Income, Personal Accident, in that order.

Which insurance policies suit you will be dependent on what you have now. You'll have to see what you need, subtract what you have now, and based on the shortfall, you can work with an independent financial advisor to find the most cost effective plans to make up that shortfall.